Study: Obamacare Didn't Necessarily Lead to Health Plan Cancellations
Source: CBS News
Study: Obamacare didn't necessarily lead to health plan cancellations
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STEPHANIE CONDON /CBS NEWS
Apr 24, 2014 11:40 AM EDT
President Obama took some serious heat last year when insurers started dropping millions of Americans from health plans that were no longer Obamacare-compliant, seemingly breaking his promise, "If you have insurance that you like, then you will be able to keep that insurance."
A new study, however, backs up the administration's claims that the cancellations were part of the normal churn of the individual health market.
After analyzing patterns in the nongroup health coverage market from 2008 to 2011, Harvard professor Benjamin Sommers found that the market was characterized by high turnover before the Affordable Care Act was implemented. Additionally, Summers found that most people who left the nongroup market acquired other insurance within, suggesting that the cancellations attributed to Obamacare are unlikely to have a significant impact on overall coverage rates.
Relying on data from the Census Bureau's Survey of Income and Program Participation for his study, Sommers used a sample of 4,199 respondents under 65 years old with nongroup coverage in their first month in the survey.
Read more: http://www.cbsnews.com/news/study-obamacare-didnt-necessarily-lead-to-health-plan-cancellations
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